NOT LISTED FOR SALE

940 Laurel St San Carlos, CA 94070

Howard Park Neighborhood

Estimated Value: $1,110,000 - $4,607,000

8 Beds
4 Baths
6,392 Sq Ft
$418/Sq Ft Est. Value

Last Sold September 02, 2021

Last sale price $8,600,000 $1,345 Per Sq Ft

Current estimated payment $16,468/month

10 Days on Market

Highlights

  • 0.55 Acre Lot
  • Brittan Acres Elementary School Rated A
  • 1-Story Property

About This Home

As of September 2021

Fantastic development opportunity! Currently 4 duplexes each sitting on an approximately 6,000 sq ft lot. Each duplex consists of 2 - 2 bedroom, 1 baths units. Collect rents while you go through entitlements. Rare opportunity with 200 ft frontage on prime westside Laurel Street location.

Last Agent to Sell the Property

John Shroyer

Golden Gate Sotheby's International Realty License #00613370 Listed on: 08/16/2021

Golden Gate Sotheby's International Realty

Last Buyer's Agent

Julie Tsai Law

Compass License #01339682

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,145

Year Built

  • 1943

Lot Details

  • 0.55

Home Design

  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,392 Sq Ft Home
  • 1-Story Property

Parking

  • 8 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Additional Features

  • 0.55 Acre Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $147,000

Community Details

Overview

  • 6,392 Sq Ft Building

Building Details

  • 6 Leased Units
  • Insurance Expense $5,000
  • Maintenance Expense $3,600
  • Operating Expense $92,600
  • Gross Income $110,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,145

Year Built

1943

Lot Details

0

Listing Details

  • Zoning: MU-N
  • Subclass: Multiple Dwellings / Structures
  • Age: 78
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 6392
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1943

Interior Features

  • Living Sq Ft: 6392
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Spaces: 8
  • Garage Parking Features: Off-Street Parking, On Street, Parking Area

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.5510
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 24000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 24000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 47.62
  • Number Of Leased: 6

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 5000
  • Expense Maintenance: 3600
  • Expenses Total: 92600
  • Income Annual Gross: 110250.00
  • Income Annual Rental: 147000
  • Income Gross Scheduled: 147000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 4
  • Operating Expenses Include: Depreciation, Insurance
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2021
Closed on
Aug 31, 2021
Sold by
Burnham Fam Limfted Prtnrshp Agmt No 1 L
Bought by
Kuma Ventures Llc
Seller's Agent
John Shroyer
Golden Gate Sotheby's International Realty
Buyer's Agent
Julie Tsai Law
Compass
List Price
$7,000,000
Sold Price
$8,600,000
Premium/Discount to List
$1,600,000
22.86%
Current Estimated Value
$2,674,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,925,709
Avg. Annual Appreciation
-24.82%

Purchase Details

Closed on
Sep 9, 2020
Sold by
Burnham Patricia E
Bought by
The Burnham Family Limited Partnership

Purchase Details

Closed on
Aug 31, 2020
Sold by
Burnham Patricia E and Testamentary Trust
Bought by
The Burnham Family Lp Agmt No 1 Lp

Purchase Details

Closed on
Oct 13, 2004
Sold by
Wells Fargo Bank N A
Bought by
Burnham Patricia E
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kuma Ventures Llc $8,600,000 Lawyers Title Company
The Burnham Family Limited Partnership $1,800,000 None Available
The Burnham Family Lp Agmt No 1 Lp -- First Amer Ttl Ins Co Natl C
Burnham Patricia E -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2021 09/02/21 Sold $8,600,000 +22.9% $1,345 / Sq Ft
08/27/2021 08/27/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $7,000,000 -- $1,095 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $28,145 $2,281,596 $2,069,355 $212,241
2023 $28,145 $2,193,000 $1,989,000 $204,000
2022 $26,457 $2,150,000 $1,950,000 $200,000
2021 $4,818 $190,956 $139,689 $51,267
2020 $4,702 $188,999 $138,257 $50,742
2019 $4,503 $185,295 $135,547 $49,748
2018 $4,400 $181,663 $132,890 $48,773
2017 $4,283 $178,102 $130,285 $47,817
2016 $4,144 $174,611 $127,731 $46,880
2015 $4,136 $171,989 $125,813 $46,176
2014 $3,875 $168,621 $123,349 $45,272
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    John Shroyer

    Golden Gate Sotheby's International Realty

    Section Image
  • Julie Tsai Law

    Buyer's Agent in 2021

    Julie Tsai Law

    Compass

    (650) 799-8888

    1 in this area

    128 Total Sales

    Julie Tsai Law
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81858619

MLSListings

APN: 051-357-190

California San Mateo County San Carlos 94070 Howard Park

940 Laurel St, San Carlos, CA

This home is located at 940 Laurel St, San Carlos, CA 94070 since 16 August 2021 and is currently estimated at $2,674,291, approximately $418 per square foot. This property was built in 1943. 940 Laurel St is a home located in San Mateo County with nearby schools including Brittan Acres Elementary School, Central Middle School, and Sequoia High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes